Ethereum

<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-will-eth-price-hit-4000-in-june/" rel="noopener noreferrer nofollow">Ethereum Price Prediction: Will ETH Price Hit $4,000 In June?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With a sudden price jump, Ethereum spearheads the next phase of an uptrend in the altcoins. As the ETH price jumps by 2.30%, the top altcoins and especially meme coins display massive recovery today.&nbsp;</p>
<p>The intraday recovery action after a bearish patch reveals a potential trend reversal entry opportunity. With sideline traders ready to buy the dip, the bull run can continue this week to reclaim lost levels.&nbsp;</p>
<p>Will the biggest altcoin’s renewed recovery surpass the swing high at $3,872 for a new 52W high above $4,000? Check our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">Ethereum price prediction</a> to find out if the bull run will hit $5,000 this year.</p>
<h2 class="wp-block-heading" id="h-sec-closes-ethereum-investigation">SEC Closes Ethereum Investigation</h2>
<p>The recent news that the SEC is officially closing the Ethereum investigation into the sales of ETH as a commodity sparks a bull run in the price of Ethereum and altcoins.&nbsp;</p>
<p>Following the news, the ETH price crosses above $3,500 and projects a potential uptrend this week.&nbsp;</p>
<h2 class="wp-block-heading" id="h-ethereum-price-performance">Ethereum Price Performance</h2>
<p>Following the bearish reversal from the $3800 mark, the ETH price trend converts the consolidation range into a lower high. The downfall drop Ethereum to $3500 level with lower price rejection teasing a potential bounce back.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeHGIl-UBu2KDL2G5owXfuNKvj5xcXNKckj7SPXYDOo2O_aA_ZR6LHG9-lI_Qggmmk5pFNmJh52lNhx7Bc-lwGfX9sShm5WVp7zpDhezMlSEtGzXipbXGiJ-rmUlPSUv5eWmoQufnORVVACvJSCYQ2EPmcP?key=jdE3YP2Oero7UCsr9KRJlQ" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/ktZnHf1d/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>In the last 72 hours, the ETH price action teases a morning star pattern in the daily chart, with an intraday growth of 2.30%. With a bullish candle completing the morning star, the price action reveals a double-bottom formation.&nbsp;</p>
<p>With a neckline at $3,615, the bullish reversal pattern can reinstate an uptrend with a breakout rally. Further, the long-tail candles forming at the $3,500 levels uncover the underlying demand bolstering uptrend chances.&nbsp;</p>
<h2 class="wp-block-heading" id="h-open-interest-surge-teases-bull-run">Open Interest Surge Teases Bull Run</h2>
<p>With a 4.33% surge in the last 24 hours, Ethereum’s open interest over all the exchanges surpasses $11 billion. Currently, the OI stands at $11.55 billion, suggesting a positive outlook from the market participants.</p>
<p>Further, the funding rate at 0.00713483 bolsters the positive outlook and reveals long-side traders willing to pay short traders. Thus, a bullish dominance is visible in the derivatives data.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-the-eth-price-cross-4000">Will The ETH Price Cross $4000?</h2>
<p>With dovish derivatives, bullish price action and the SEC closing Ethereum’s investigation, the altcoin is ready to take off. The neckline at $3,615 breakout could fuel the next price surge to hit the $3,775 mark.</p>
<p>As per the Fibonacci levels, the ETH price could aim for the $4,303 level as the next target.&nbsp;</p>

Ethereum Price Prediction: Will ETH Price Hit $4,000 In June?

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